Boeing Stock Plunges 10.75% After Quarterly Results

After-the-fact Expert

Boeing shares sank 10.75% after the company reported a third-quarter loss and said 737 MAX deliveries would miss targets. Core loss per share was $0.34 versus an estimated $0.21 loss, even as operating cash flow reached $1.5 billion and backlog grew to a record $745 billion. The results put Boeing’s execution and delivery outlook back in focus.  For informational and educational purposes only. Not financial advice.  #Boeing #BAStock #Earnings #StockMarket #MarketRecap

Transcript

00:00Boeing plunged 10.75% today, after quarterly results.

00:05Boeing fell 10.8% today. Yahoo! reported that a quarterly loss and an outlook for deliveries to miss targets

00:13weighed on the shares.

00:15Boeing's SEC filing showed a core loss of $0.34 per share against an estimate of $0.21, while operating

00:26cash flow reached $1.5 billion.

00:30The sell-off matters because it broke sharply from an otherwise positive industrial backdrop, putting Boeing's company-specific execution concerns

00:39ahead of the sector's direction.

00:42Industrials rose 0.59% today, so this move ran against its own sector.

00:50More on BA, full recap linked.

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